Jin Medical International (ZJYL) Stock Soars Over 17% After-Hours: Here's What's Going On
Jin Medical shares surged 17.33% after hours as investors reacted to its $159.4 million acquisition of Huaxia Qiying Technology.
Jin Medical bought another company for $159 million, and investors got excited, pushing the stock price up 17% after regular trading hours. When a company makes a big purchase, watch if it helps them make more money and customers later—that's what really matters for the stock.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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